Carlsberg A/S

Carlsberg A/S FCF Conversion

The FCF Conversion Rate (FCF/EBITDA) of Carlsberg A/S (CARL B.CO) as of Oct 27, 2026 is 125.12 %. In the previous year, FCF Conversion Rate (FCF/EBITDA) was 93.68 % — a change of 33.56% (higher).

FCF Conversion

125.12 %

YoY

33.56%

Last updated:

FCF Conversion Rate (FCF/EBITDA) of Carlsberg A/S is 2025 125.12 % . FCF Conversion Rate (FCF/EBITDA) of Carlsberg A/S was 2024 93.68 % . It decreases by 33.56% higher compared to the previous year.

The Carlsberg A/S FCF Conversion history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

FCF Conversion
Date
FCF Conversion
Jan 1, 2018
151.06 DKK
Jan 1, 2019
116.41 DKK
Jan 1, 2020
108.33 DKK
Jan 1, 2021
132.02 DKK
Jan 1, 2022
109.14 DKK
Jan 1, 2023
-18.05 DKK
Jan 1, 2024
93.68 DKK
Jan 1, 2025
125.12 DKK
The Carlsberg A/S FCF Conversion history
YEARFCF ConversionYoY
125.12 %+33.56%
93.68 %-618.89%
-18.05 %-116.54%
109.14 %-17.33%
132.02 %+21.87%
108.33 %-6.95%
116.41 %-22.94%
151.06 %-59.91%
376.80 %+207.95%
122.36 %-152.74%
-231.99 %-784.04%
33.91 %—

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Carlsberg A/S Stock analysis

What does Carlsberg A/S do? Carlsberg A/S is a Danish company that was founded in 1847 by J.C. Jacobsen. Carlsberg is one of the largest brewing companies in the world and distributes its products in over 150 countries. Its business model focuses on producing and distributing high-quality beer and beverage brands. The company's core brands are Carlsberg, Tuborg, Baltika, and Holsten. Carlsberg also offers a wide range of regional and niche brands, as well as non-alcoholic and low-alcohol beverages. Carlsberg is divided into several business areas, including Carlsberg Breweries and Carlsberg Supply Company. Carlsberg Breweries handles the production and distribution of beer and owns 75 breweries worldwide. Carlsberg Supply Company is responsible for the supply of raw materials and packaging materials to the breweries, as well as manufacturing machinery and equipment used in the brewing industry. Carlsberg Asia focuses on the Asian market and is one of the largest beer producers in this region, distributing its products in countries such as China, Hong Kong, India, Malaysia, and Vietnam. Carlsberg is committed to sustainability and responsibility, aiming to be climate neutral by 2030 and reduce water consumption by 50%. The company also promotes responsible alcohol consumption and collaborates with local communities to support health and safety projects. In summary, Carlsberg A/S is a leading company in the beer and beverage industry, focusing on the production and distribution of high-quality products. It has a long history and operates in various parts of the world. Carlsberg is divided into different business areas that cover production, distribution, supply, and manufacturing machinery and equipment. The company is also dedicated to sustainability and responsibility, actively promoting responsible alcohol consumption. Carlsberg A/S is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Carlsberg A/S stock

FCF Conversion Rate (FCF/EBITDA) of Carlsberg A/S is 125.12 % in 2025.

FCF Conversion Rate (FCF/EBITDA) of Carlsberg A/S changed from 93.68 % to 125.12 %, representing a 33.56% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of FCF Conversion Rate (FCF/EBITDA) Carlsberg A/S since 2006 – with annual values, charts, and detailed analysis.

FCF conversion measures how effectively EBITDA converts to free cash flow. Higher conversion indicates efficient capital allocation and low maintenance costs.

A 'good' varies by industry and company stage. On Eulerpool, you can compare FCF Conversion Rate (FCF/EBITDA)'s Carlsberg A/S with sector peers and the industry average to assess whether it is attractive.

To evaluate FCF Conversion Rate (FCF/EBITDA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for FCF Conversion Rate (FCF/EBITDA).

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Cash Flow — Carlsberg A/S

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